SAP Revenue Accounting and Reporting (SAP RAR) Consultant

Title : SAP Revenue Accounting and Reporting (RAR) Consultant

Location : Remote

Duration : 12 months (possibility for extension)

Remote Position (with occasional travel if required)

Job Description:
Job Title: SAP Revenue Accounting and Reporting (RAR) Consultant

Role: SAP RAR Functional Consultant

Client is seeking an experienced SAP Revenue Accounting and Reporting (RAR) Functional Consultant to support the design and implementation of revenue recognition processes within an SAP S/4HANA environment.

Key Responsibilities

• Lead SAP RAR requirements gathering, solution design, configuration, testing, and deployment.
• Design end-to-end revenue recognition processes from Sales Order Customer Contract Revenue Accounting Contract Revenue Recognition Financial Accounting.
• Configure Performance Obligations (POB), fulfillment events, and revenue recognition rules.
• Design revenue allocation using Standalone Selling Price (SSP) and allocation rules.
• Support complex customer arrangements involving products, equipment, services, warranties, installation, and multi-element contracts.
• Design event-based and time-based revenue recognition scenarios.
• Configure integration between SAP Sales and Distribution (SD), SAP RAR, and SAP Financial Accounting (FI/GL).
• Support integration with SAP Project System (PS) for project/Engineer-to-Order scenarios where revenue recognition is tied to project milestones or customer deliverables.
• Evaluate existing revenue-recognition processes and determine appropriate migration to SAP RAR.
• Define contract modifications, cancellations, returns, credits, and prospective/retrospective accounting treatment.
• Support IFRS 15 / ASC 606 revenue-recognition requirements.
• Define RAR accounting postings, reconciliation, period-end processing, and financial reporting.
• Work closely with Finance, Order-to-Cash, Sales, Project Systems, and technical/integration teams.
• Prepare functional specifications, configuration documentation, test scenarios, and support SIT/UAT.
• Troubleshoot RAR contract, POB, fulfillment, allocation, posting, and reconciliation issues.

Required Experience

• Strong hands-on SAP RAR implementation experience, preferably with SAP S/4HANA with 10 -15 years of experience SAP RAR.
• Strong understanding of ASC 606 / IFRS 15.
• Experience with SAP SD RAR FI integration.
• Experience with SSP determination, POB configuration, fulfillment, allocation, contract modifications, and revenue postings.
• Manufacturing industry experience preferred; experience with Engineer-to-Order, Make-to-Order, project-based sales, equipment + service contracts, or milestone billing is highly desirable.
• SAP PS/RAR integration experience is a strong plus.